Sumo Logic Agrees To Be Acquired By Francisco Partners For $1.7B
$SUMO
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Sumo Logic Agrees To Be Acquired By Francisco Partners For $1.7B
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/9/2022 | $27.00 → $21.00 | Buy | Rosenblatt |
| 3/9/2022 | $19.00 → $17.00 | Outperform | RBC Capital |
| 3/9/2022 | $15.00 → $12.50 | Neutral | Piper Sandler |
| 2/23/2022 | $20.00 → $15.00 | Equal-Weight | Morgan Stanley |
| 12/10/2021 | $16.00 | Buy → Hold | Berenberg |
| 12/7/2021 | $35.00 → $27.00 | Buy | Rosenblatt |
| 12/7/2021 | $22.00 → $20.00 | Equal-Weight | Morgan Stanley |
| 12/7/2021 | $25.00 → $22.00 | Outperform | RBC Capital |
4 - Sumo Logic, Inc. (0001643269) (Issuer)
4 - Sumo Logic, Inc. (0001643269) (Issuer)
4 - Sumo Logic, Inc. (0001643269) (Issuer)
Rosenblatt reiterated coverage of Sumo Logic with a rating of Buy and set a new price target of $21.00 from $27.00 previously
RBC Capital reiterated coverage of Sumo Logic with a rating of Outperform and set a new price target of $17.00 from $19.00 previously
Piper Sandler reiterated coverage of Sumo Logic with a rating of Neutral and set a new price target of $12.50 from $15.00 previously
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S-8 POS - Sumo Logic, Inc. (0001643269) (Filer)
SEOUL, South Korea, May 30, 2023 (GLOBE NEWSWIRE) -- Sumo Logic, the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced it is delivering advanced log analytics for Samsung Electronics' Bixby, the deep-learning-based, artificial intelligence (AI) assistant. The Bixby Development Group, which manages Bixby, can now access insightful results, audit logs, detect and alert for anomalies, and tackle fundamental problems in hours instead of weeks before features are pushed to customers. The Bixby Development Group collects an average of 35TB of logs each day to monitor the quality of service, debug issues and detect potential issues that may impact c
REDWOOD CITY, Calif., May 15, 2023 (GLOBE NEWSWIRE) -- Sumo Logic, the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that Joe Kim has been appointed President and Chief Executive Officer, effective immediately. Mr. Kim succeeds Ramin Sayar, who is stepping down after leading Sumo Logic over the past eight and half years and now through its successful acquisition by Francisco Partners. Mr. Kim is a seasoned technology executive with more than two decades of operating executive experience in application, infrastructure, and security industries. Most recently, Mr. Kim served as a Senior Operating Partner for Francisco Partners Consulting (FP
REDWOOD CITY, Calif., May 12, 2023 (GLOBE NEWSWIRE) -- Sumo Logic, the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that Francisco Partners, a leading global investment firm that specializes in partnering with technology businesses, has completed its acquisition of the company. Pursuant to the terms of the definitive agreement announced on February 9, 2023, Francisco Partners has acquired all outstanding shares of Sumo Logic common stock for $12.05 per share in cash, valuing the company at an aggregate equity valuation of approximately $1.7 billion. As a result of the completion of the transaction, Sumo Logic's common stock has ceased tr
REDWOOD CITY, Calif., Nov. 07, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ:SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced the appointment of Timothy Youngblood to its board of directors. Tim's extensive cyber-industry expertise, deep understanding of the challenges faced by fellow CISOs, and operational experience will be helpful as the company further develops its cybersecurity product strategy and business, expands its risk and compliance initiatives, and further scales its strong cybersecurity culture and organizational processes. "Delivering secure and reliable digital experiences is the new benchmark for every well-run mode
CloudBees, the leading software delivery platform for enterprises, today announced the appointment of Lynne Doherty, president of worldwide field operations at Sumo Logic (NASDAQ:SUMO), to its board of directors. "We are pleased to welcome Lynne as a new board member at CloudBees," said Anuj Kapur, president and CEO, CloudBees. "We look forward to working with her to advance our mission, drive our strategy forward, and bring increased value to our enterprise customers." Doherty brings to the board more than 20 years of experience leading sales organizations and driving positive business outcomes for customers, including in her current role in which she is responsible for driving revenue i
REDWOOD CITY, Calif., June 01, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ:SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced the appointment of four new senior leaders. This team is poised to help drive focus and ensure efficient global growth as Sumo Logic helps companies of all sizes with digital transformation, cloud migration, and security modernization initiatives. Sumo Logic welcomes: Zakir Ahmed, Managing Director of APAC and International Market StrategySteve Doyle, SVP of Global Sales Strategy and OperationsTimm Hoyt, SVP of Global Channels and AlliancesRussell Rosa, SVP of America Sales Lynne Doherty, President of World
Sumo Logic, the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that Joe Kim has been appointed President and Chief Executive Officer, effective immediately. Mr. Kim succeeds Ramin Sayar, who is stepping down after leading Sumo Logic over the past eight and half years and now through its successful acquisition by Francisco Partners. Mr. Kim is a seasoned technology executive with more than two decades of operating executive experience in application, infrastructure, and security industries. Most recently, Mr. Kim served as a Senior Operating Partner for Francisco Partners Consulting (FPC), assisting in deal thesis, assessing product-market-
Sumo Logic (NASDAQ:SUMO) reported quarterly losses of $(0.03) per share which beat the analyst consensus estimate of $(0.09) by 66.67 percent. This is a 76.92 percent increase over losses of $(0.13) per share from the same period last year. The company reported quarterly sales of $79.80 million which missed the analyst consensus estimate of $80.20 million by 0.50 percent. This is a 19.02 percent increase over sales of $67.05 million the same period last year.
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Fourth quarter revenue grew 19% year over year to $79.8 millionFull year fiscal 2023 revenue grew 24% year over year to $300.7 millionFull year fiscal 2023 ARR grew 17% year over year to $301.6 million REDWOOD CITY, Calif., March 07, 2023 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ:SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced financial results for the fourth quarter and fiscal year 2023 ended January 31, 2023. Fourth Quarter Fiscal 2023 Financial Highlights Revenue was $79.8 million, an increase of 19% year over yearGAAP gross margin was 72%; non-GAAP gross margin was 75%GAAP operating loss was $28.1 million; GAAP operating margi
Third quarter revenue grew 27% year over year to $79.0 millionThird quarter ARR grew 22% year over year to $298.9 million REDWOOD CITY, Calif., Dec. 05, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ:SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced financial results for the third quarter of its fiscal 2023 ended October 31, 2022. "We delivered revenue growth of 27% year-over-year in the third quarter while also driving better operating efficiencies, and will continue to emphasize efficient growth as we drive towards future cash flow break even and profitability," said Ramin Sayar, President and CE
REDWOOD CITY, Calif., Nov. 10, 2022 (GLOBE NEWSWIRE) -- Sumo Logic (NASDAQ:SUMO), the SaaS analytics platform to enable reliable and secure cloud-native applications, today announced that it will report financial results for the third quarter ended October 31, 2022 after market close on Monday, December 5, 2022. The company will host a conference call on the same day beginning at 1:30 PM Pacific Time (4:30 PM Eastern Time) to discuss financial results and business highlights. To access the conference call, dial (877) 407-0784 from the United States or (201) 689-8560 internationally and reference the company name and conference title. Following the completion of the call, a replay will be